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Costco project delayed


Costco has pulled equipment off its construction site at the corner of Lovell Road and Kingston Pike, but spokesman Roger Campbell says it’s hopefully only temporary.

“It’s really only a delay,” said Campbell, Costco’s senior vice president of operations for the Southeast.

“We do not expect to abandon the project. There’s just an issue between the developer and landowners, and that has to be resolved so we can move forward,” he added.

The site developer is Schaad Companies.

Calls to Schaad were not immediately returned.

“We do not want to abandon the project, but ... the developer needs to take care of the issues they have and that’s why; they just had not done that. So we weren’t going to spend more time or money until that’s resolved,” Campbell said.

“But we have all the expectations that it should be resolved,” he added.


Plans for Costco were approved last year, and the site will include the 142,000-square foot anchor tenant, plus two outparcels — one off Lovell and the other off the Pike — as well as the existing Walgreens.

Improvements to the site also will include a signalized entrance off Lovell Road and another signalized entrance off Kingston Pike. Farlow Drive will be repositioned to align with the Kingston Pike entrance.

The realignment is a Knox County project.

Costco faced a series of hurdles last year as Schaad and Costco came to an agreement with residents in neighboring subdivision Powell Acres, who asked for additional landscaping on the west side of the building, a more aesthetically pleasing retaining wall and detention basins designed for 200-year floods, rather than 100-year floods.

But Campbell said Costco’s intention is to pick the project back up.

“We want to be there, but like any other real estate deal, it’s got to be as it was planned for and approved,” Campbell said.

“I would still hope that we’ll open by fall,” he added.

 

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